Michael Morrissey will take over as head of the International Insurance Society and join the IIS board with eight other insurance executives following the group's meeting next week in Jordan, IIS announced.

Risk consulting firm Kroll said it has completed the sale of its U.S. government security clearance screening business, Kroll Government Services Inc., to Veritas Capital, a private equity firm. Transaction terms were not released.

Hurricane forecasters William Gray and Phil Klotzbach predict an Atlantic tropical cyclone season of slightly below average frequency, and one consultant said it is in line with reinsurers' expectations.

The Nevada legislature has overridden Gov. Jim Gibbons' veto of a workers' compensation bill that would, in part, dictate the use of the 5th Edition of the American Medical Association (AMA) Guides to the Evaluation of Permanent Impairment.

American International Group Inc. in its latest divestiture move said today it has agreed to sell its consumer finance operations in Argentina to a bank and investment group.

Organizations that ignore the threat of terrorism and do not plan for the possibility could face lengthy and expensive litigation in the aftermath of an event, according to an executive at Aon.

The Public Risk Management Association (PRIMA) announced Craig Macdonald as the winner of its 2009 Public Risk Manager of the Year award yesterday during its annual conference.

A member of Congress critical of American International Group's operations since the company's federal bailout is demanding that any candidates for the chairman and chief executive posts at the firm be required to make detailed financial disclosures.